Global Boots Market

Boots Market Size, Share, Growth Analysis, By Material type(Leather, rubber, plastic and others), By Distribution channel(Online and offline), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25L2015 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 61 |Figures: 75

Boots Market Insights

Boots Market size was valued at USD 30.29 billion in 2021 and is poised to grow from USD 32.08 billion in 2022 to USD 50.75 billion by 2030, growing at a CAGR of 5.9% during the forecast period (2023-2030).

The global boots market is a thriving industry that encompasses a wide range of styles, materials, and purposes. The market is driven by various factors, including changing fashion trends, increasing disposable income, and the growing demand for durable and comfortable footwear. There is a diverse array of boots available, such as ankle boots, knee-high boots, work boots, hiking boots, and fashion boots, catering to different needs and preferences. Major players in the industry constantly innovate and introduce new designs, materials, and technologies to enhance the overall boot-wearing experience. With the rise of e-commerce and online retail platforms, consumers have greater accessibility to a wide selection of boots from both established brands and emerging players. The global boots market also witnesses regional variations, with different countries and regions having their own unique boot preferences and styles. For example, Western-style cowboy boots are highly popular in the United States, while rubber rain boots are favored in rainy regions. This diversity further contributes to the dynamic nature of the market, as manufacturers and retailers cater to specific regional demands and adapt their product offerings accordingly. Additionally, sustainability and ethical considerations have gained prominence in the market, leading to the emergence of eco-friendly and vegan boot options. The global boots market is expected to continue its growth trajectory in the coming years, driven by evolving fashion trends, increasing consumer awareness, and advancements in manufacturing techniques, ultimately providing consumers with a diverse range of stylish and functional boots to suit their individual lifestyles and preferences.

US Boots Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 30.29 billion

Largest Segment

Leather

Fastest Growth

Leather

Growth Rate

5.9% CAGR

Global Boots Market ($ Bn)
Country Share for North America Region (%)

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Boots Market Segmental Analysis

The Global Boots Market is segmented by material type, distribution channel, and region. Based on material type, the market can be segmented into Leather, rubber, plastic and others. Based on distribution channel, the market is segmented into online and offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Boots Market Analysis by Material Type

The dominant segment in the global boots market is leather boots. Leather boots hold a significant market share due to their durability, timeless appeal, and ability to be crafted into various styles. Leather boots are favored for their premium quality, versatility, and ability to withstand different weather conditions, making them a popular choice among consumers across the globe.

On the other hand, the fastest-growing segment in the global boots market is the rubber boots segment. Rubber boots, also known as Wellington boots or rain boots, are experiencing rapid growth due to increasing awareness about outdoor activities, growing demand for waterproof footwear, and the rising popularity of recreational and leisure pursuits. Rubber boots are highly functional, providing protection from water, mud, and other environmental elements, and are widely used in activities such as gardening, hiking, fishing, and farming. This segment is witnessing significant expansion as consumers recognize the practicality and versatility of rubber boots in various outdoor and work settings.

Boots Market Analysis by Distribution channel

The dominant segment in the global boots market based on distribution channel is the offline segment. Offline channels, including brick-and-mortar retail stores and specialty shoe shops, have traditionally been the primary means for consumers to purchase boots. These physical stores offer a personalized shopping experience, allowing customers to try on boots, receive expert advice, and have immediate access to their desired products.

On the other hand, the fastest-growing segment in the global boots market is the online segment. The rise of e-commerce platforms and online shopping has revolutionized the way consumers purchase boots. Online channels provide convenience, a vast product range, competitive pricing, and the ability to compare options from different brands and retailers. The online segment is experiencing remarkable growth as more consumers embrace the ease and accessibility of shopping for boots online. Additionally, advancements in technology, secure payment systems, and hassle-free return policies have further contributed to the accelerated growth of the online distribution channel in the boots market.

Global Boots Market By Material Type, 2023 (%)

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Boots Market Regional Insights

North America dominated the global boots market. North America has a strong consumer base, high disposable income, and a fashion-conscious population, which drives the demand for boots. The region is home to several well-established footwear brands and retailers, offering a wide variety of boot styles to cater to diverse preferences. Additionally, North America has a thriving outdoor and sports culture, contributing to the popularity of functional boots such as hiking boots and work boots.

The fastest-growing segment in the global boots market is the Asia Pacific region. The Asia Pacific region is witnessing rapid growth due to several factors, including increasing urbanization, rising disposable income, changing fashion trends, and a large population base. Countries like China, India, and Japan have emerged as key players in the global boots market, with a growing consumer base that appreciates both fashionable and functional boots. Furthermore, the region's expanding e-commerce industry and the growing influence of social media have significantly contributed to the surge in online boot sales, allowing consumers to explore a wide range of options and purchase boots conveniently from the comfort of their homes.

Global Boots Market By Geography, 2024-2031
  • Largest
  • Fastest

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Boots Market Dynamics

Boots Market Drivers

Changing fashion trends

  • One key driver of the global boots market is changing fashion trends. Fashion trends play a crucial role in driving consumer demand for boots. As fashion preferences evolve, consumers seek out boots that align with the latest styles, designs, and aesthetics. This driver creates opportunities for manufacturers and retailers to introduce innovative and trendy boot designs, attracting fashion-conscious consumers and stimulating market growth.

Boots Market Restraints

Increasing competition from counterfeit products

  • A key restraint of the global boots market is the increasing competition from counterfeit products. Counterfeit boots pose a significant challenge to the market as they not only infringe on intellectual property rights but also undermine the credibility and sales of genuine brands. Counterfeit boots are often sold at lower prices, which attracts price-sensitive consumers but compromises on quality and authenticity. Manufacturers and retailers face the challenge of combatting the presence of counterfeit products, ensuring brand integrity, and educating consumers about the risks associated with purchasing counterfeit boots.

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Boots Market Competitive Landscape

The competitive landscape of the global boots market is characterized by intense competition among various players striving to capture market share. Key factors driving competition include product innovation, brand reputation, pricing strategies, distribution channels, and customer loyalty. Established brands with a strong market presence leverage their brand equity and customer trust to maintain a competitive edge. At the same time, emerging players often focus on offering unique designs, sustainable materials, and competitive pricing to gain market traction. Additionally, the market is influenced by collaborations, partnerships, and strategic acquisitions as companies aim to expand their product portfolios and enhance their market reach. Overall, the competitive landscape fosters a dynamic environment where players constantly strive to differentiate themselves and meet the evolving demands of consumers.

Boots Market Top Player’s Company Profiles

  • Dr. Martens Airwair (UK)
  • Red Wing Shoe Company (US)
  • Church & Co. Ltd. (UK)
  • R.M Williams (Australia)
  • Sorel (US)
  • Belstaff International Ltd. (UK)
  • The Frye Company (US)
  • Caterpillar Inc. (US)
  • Columbia Sportswear Company (US)
  • Bata Corporation (Switzerland)
  • Clarks (UK)
  • Salomon (France)
  • Merrell (US)
  • Hi-Tec Sports (UK)
  • L.L.Bean (US)
  • LaCrosse Footwear Inc. (US)
  • Muck Boot Company (US)

Boots Market Recent Developments

  • In December 2022, VF Corp., the parent company of popular brands Vans and Timberland, announced a collaborative effort to commemorate the 30th anniversary of the Half Cab shoe. Together, they created the Half Cab Hiking, a distinctive footwear fusion that combines elements of a skate shoe with the functionality of a hiker boot.
  • In December 2022, Wolverine World Wide Inc., a prominent footwear company, revealed its plans to sell or license its Wolverine Leathers and Keds brands. These brands were identified as "low-profit contributors," and the company has taken steps to streamline its workforce associated with these business sectors.
  • In March 2022, Wolverine collaborated with Halo to introduce a limited-edition boot named the Master Chief. Specifically designed for Halo fans, the boots feature an UltraSpring cushioning midsole for lightweight comfort and are adorned with the number '117' on the exterior heel.
  • In February 2022, Dr. Martens joined forces with A-COLD-WALL to create a unique collection. This collaboration focused on Dr. Martens' classic boots, namely the Rikard 8-eye boot and the 3-eye shoe. The shoes incorporate distinctive reflective side paneling and bear the A-COLD-WALL branding, showcasing the synergistic partnership between the two companies, who have collaborated in the past as well.

Boots Key Market Trends

  • One key market trend in the global boots market is the growing demand for sustainable and eco-friendly boot options. Consumers are increasingly conscious of the environmental impact of their purchases and are seeking boots that are made from sustainable materials, employ ethical manufacturing practices, and have a reduced carbon footprint. This trend has led to the emergence of eco-friendly boot collections, incorporating materials like recycled fabrics, plant-based leathers, and water-based adhesives. Manufacturers are responding to this trend by introducing sustainable initiatives, such as using renewable energy sources and implementing recycling programs, to align with consumer preferences and contribute to a more sustainable future.

Boots Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global boots market analysis, the market is a thriving industry driven by changing fashion trends, increasing disposable income, and the demand for durable and fashionable footwear. Leather boots dominate the market, while rubber boots are the fastest-growing segment due to the rising popularity of outdoor activities and the need for waterproof footwear. The market is segmented based on distribution channels, with offline channels dominating but online channels experiencing rapid growth. The market is also segmented geographically, with North America as the dominant region and the Asia Pacific region as the fastest-growing market. The competitive landscape is characterized by intense competition among players, focusing on product innovation, brand reputation, and pricing strategies. However, the market faces challenges such as the presence of counterfeit products. Additionally, a key trend in the market is the growing demand for sustainable and eco-friendly boot options, reflecting consumers' increasing environmental consciousness. Overall, the global market offers a diverse range of styles and options to cater to various consumer preferences and lifestyles.

Report Metric Details
Market size value in 2023 USD 30.29 billion
Market size value in 2031 USD 50.75 billion
Growth Rate 5.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material type
    • Leather, rubber, plastic and others
  • Distribution channel
    • Online and offline
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Dr. Martens Airwair (UK)
  • Red Wing Shoe Company (US)
  • Church & Co. Ltd. (UK)
  • R.M Williams (Australia)
  • Sorel (US)
  • Belstaff International Ltd. (UK)
  • The Frye Company (US)
  • Caterpillar Inc. (US)
  • Columbia Sportswear Company (US)
  • Bata Corporation (Switzerland)
  • Clarks (UK)
  • Salomon (France)
  • Merrell (US)
  • Hi-Tec Sports (UK)
  • L.L.Bean (US)
  • LaCrosse Footwear Inc. (US)
  • Muck Boot Company (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Boots Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Boots Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Boots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Boots Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Boots Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Boots Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Boots Market size was valued at USD 30.29 billion in 2021 and is poised to grow from USD 32.08 billion in 2022 to USD 50.75 billion by 2030, growing at a CAGR of 5.9% during the forecast period (2023-2030).

The competitive landscape of the boots market is characterized by intense competition among various players striving to capture market share. Key factors driving competition include product innovation, brand reputation, pricing strategies, distribution channels, and customer loyalty. Established brands with a strong market presence leverage their brand equity and customer trust to maintain a competitive edge. At the same time, emerging players often focus on offering unique designs, sustainable materials, and competitive pricing to gain market traction. Additionally, the market is influenced by collaborations, partnerships, and strategic acquisitions as companies aim to expand their product portfolios and enhance their market reach. Overall, the competitive landscape fosters a dynamic environment where players constantly strive to differentiate themselves and meet the evolving demands of consumers. 'Timberland LLC (US)', 'Wolverine Worldwide (US)', 'Woodland Worldwide (India)', 'Dr. Martens Airwair (UK)', 'Red Wing Shoe Company (US)', 'Church & Co. Ltd. (UK)', 'R.M Williams (Australia)', 'Sorel (US)', 'Belstaff International Ltd. (UK)', 'The Frye Company (US)', 'Caterpillar Inc. (US)', 'Columbia Sportswear Company (US)', 'Bata Corporation (Switzerland)', 'Clarks (UK)', 'Salomon (France)', 'Merrell (US)', 'Hi-Tec Sports (UK)', 'L.L.Bean (US)', 'LaCrosse Footwear Inc. (US)', 'Muck Boot Company (US)'

One key driver of the boots market is changing fashion trends. Fashion trends play a crucial role in driving consumer demand for boots. As fashion preferences evolve, consumers seek out boots that align with the latest styles, designs, and aesthetics. This driver creates opportunities for manufacturers and retailers to introduce innovative and trendy boot designs, attracting fashion-conscious consumers and stimulating market growth.

One key market trend in the boots market is the growing demand for sustainable and eco-friendly boot options. Consumers are increasingly conscious of the environmental impact of their purchases and are seeking boots that are made from sustainable materials, employ ethical manufacturing practices, and have a reduced carbon footprint. This trend has led to the emergence of eco-friendly boot collections, incorporating materials like recycled fabrics, plant-based leathers, and water-based adhesives. Manufacturers are responding to this trend by introducing sustainable initiatives, such as using renewable energy sources and implementing recycling programs, to align with consumer preferences and contribute to a more sustainable future.

North America dominated the boots market. North America has a strong consumer base, high disposable income, and a fashion-conscious population, which drives the demand for boots. The region is home to several well-established footwear brands and retailers, offering a wide variety of boot styles to cater to diverse preferences. Additionally, North America has a thriving outdoor and sports culture, contributing to the popularity of functional boots such as hiking boots and work boots.

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Global Boots Market

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